Blue Bird Corp — Director's Dealing 2022

Dec 13, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Blue Bird Corp (BLBD)
CIK: 0001589526
Period of Report: 2022-12-11

Reporting Person: Radulescu Razvan (Chief Financial Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-12-11	Common Stock, par value $0.0001	F	1818	$12.76	Disposed	40951	Direct
2022-12-12	Common Stock, par value $0.0001	A	20496	$12.35	Acquired	61447	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-12-11	Common Stock	$20.0	A	2164	Acquired	2031-12-11	Common Stock (2164.0)	Direct
2022-12-12	Common Stock	$12.35	A	10511	Acquired	2032-12-12	Common Stock (10511.0)	Direct

Footnotes

F1: This transaction represents shares withheld to satisfy tax withholding obligations related to restricted stock units ("RSUs") that vested on 12/11/2022.

F2: The award represents a grant of RSUs. Each RSU represents a contingent right to receive one share of the common stock of Blue Bird Corporation.

F3: The RSUs vest 1/3 on each of the dates December 12, 2023, December 12, 2024, and December 12, 2025 subject to downward adjustments consistent with each respective fiscal year's actual percentage payout of the Management Performance bonus award. Any downward adjustments shall not reduce the number of RSU's that vest below 50% of the amount(s) granted.

F4: On December 11, 2021, the reporting person was granted an option to purchase shares of common stock, which vest over a three year period in equal installments based on satisfaction of certain performance criteria for each of the applicable fiscal years. Although the performance criteria for fiscal 2022 were not met, the Compensation Committee vested the number of options reported under its discretionary authority.

F5: Award represents one option grant that vests over a three year period in equal installments (December 12, 2023, December 12, 2024, and December 12, 2025).